Prana Capital Management LP acquired a new position in TD Ameritrade Holding Corp. (NASDAQ:AMTD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 127,891 shares of the financial services provider’s stock, valued at approximately $6,515,000. TD Ameritrade accounts for approximately 2.2% of Prana Capital Management LP’s portfolio, making the stock its 17th largest holding.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in TD Ameritrade during the 4th quarter valued at about $126,000. Global Trust Asset Management LLC acquired a new position in TD Ameritrade during the 4th quarter valued at about $179,000. Pitcairn Co. acquired a new position in TD Ameritrade during the 4th quarter valued at about $204,000. Gamco Investors INC. ET AL acquired a new position in TD Ameritrade during the 3rd quarter valued at about $203,000. Finally, CIBC World Markets Inc. acquired a new position in TD Ameritrade during the 4th quarter valued at about $228,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.
In other TD Ameritrade news, Director Joseph H. Moglia sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $55.28, for a total value of $552,800.00. Following the completion of the transaction, the director now directly owns 145,000 shares in the company, valued at $8,015,600. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Nally sold 17,243 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $56.13, for a total transaction of $967,849.59. Following the completion of the transaction, the executive vice president now owns 160,079 shares of the company’s stock, valued at $8,985,234.27. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
TD Ameritrade Holding Corp. (NASDAQ:AMTD) opened at $62.59 on Monday. TD Ameritrade Holding Corp. has a 12-month low of $36.12 and a 12-month high of $62.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $35,511.64, a PE ratio of 35.77, a PEG ratio of 1.02 and a beta of 1.42.
TD Ameritrade (NASDAQ:AMTD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.29. TD Ameritrade had a net margin of 23.39% and a return on equity of 18.27%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.20 billion. sell-side analysts expect that TD Ameritrade Holding Corp. will post 3.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, February 5th. TD Ameritrade’s payout ratio is 48.00%.
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About TD Ameritrade
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.
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